Teck Resources Delays Expansion Plans to Resolve Output Challenges at Quebrada Blanca Mine in Chile
Teck Resources Cuts Copper Guidance as Quebrada Blanca Mine Faces Tailings Storage Issues Teck Resources Ltd, Canada’s largest diversified miner, has put major expansion projects on hold while it addresses production challenges at its flagship Quebrada Blanca (QB) copper mine in northern Chile. The massive overhaul of the high-altitude mine has faced cost overruns of $4 billion and years of delays. In July, CEO Jonathan Price was forced to cut production guidance, citing ongoing problems with the mine’s tailings facility. Teck launched a comprehensive operational review in August, which is…
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